Paramount Global: Navigating Market Volatility with a 1.79 Debt-to-Equity Ratio

Paramount Global (PARA) currently has a stock price of $13.93. The stock saw a sharp increase in the last trading session, hitting a high of $14.26 after opening at $13.43. The lowest recorded price for the day was $13.24 before it closed at $13.19.

Paramount Global’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $25.93 on 02/02/23, and the lowest price during that time was $10.51, recorded on 11/01/23.

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52-week price history of PARA Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Paramount Global’s current trading price is -46.28% away from its 52-week high, while its distance from the 52-week low is 32.54%. The stock’s price range during this period has fluctuated between $10.51 and $25.93. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 21.55 million for the day, which was evidently higher than the average daily volume of 12.27 million over the last three months.

Financial Performance and Market Capitalization

Paramount Global (PARA) has experienced a quarterly decline of -4.20% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.07B and boasts a workforce of 24500 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 13.82, with a change in price of -2.06. Similarly, Paramount Global recorded 12,106,733 in trading volume during the last 100 days, posting a change of -12.88%.

PARA Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PARA stands at 0.79. Similarly, the long-term debt-to-equity ratio is also 0.77.

PARA Stock Stochastic Average

The raw stochastic average for Paramount Global over the last 50 days is presently at 84.34%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 91.20%. Further, the company’s Stochastic %K and %D values for the last 20 days were 80.27% and 75.69%, respectively.

PARA Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -17.48%.However, over the last six months, we can see a stronger performance of -7.07%. Over the last 30 days, the price of PARA has fallen by 21.13%. And in the last five days, it has surged by 16.08%.

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